Leading Provider of Construction Cost Services For Sale

Business description

The Company specializes in providing construction cost services to the building industry including cost estimates at all stages of design, feasibility studies, cost and bid analysis, change orders and value engineering. The Company maintains a highly experienced staff with decades of industry specific understanding coupled with their constant contact with material vendors, suppliers, CMs, and contractors.

The customer base is comprised of architects, engineers, owners, contractors and attorneys. There are approximately 50 active customers, primarily in the tri-state New York area, however they handle projects on both a national and international scope. The majority of the projects, 80%, come from these existing clients.

Property information

Location:

The Company is housed in a 9000 square foot leased facility, on one floor, in an office building centrally located amongst its primary customer base.

Other information

Expansion potential:

The Company has a strong base of established, repeat customers and has been realizing continued strong market position despite a limited sales and marketing focus. The Principal recognizes that the opportunity now exists to capitalize on the Company’s excellent reputation, solid client base, market position and relationships. The groundwork and foundation have been laid and the operational infrastructure is in place, from which to build upon. The challenge rests in increasing the firm’s exposure in the marketplace and expanding the products and services offered.

Competition / Market:

The US engineering services industry includes over 45,000 companies with combined annual revenue of about $135 billion. Large companies include Jacobs Engineering Group and URS Corporation, and the engineering divisions of large construction companies like Fluor and Bechtel. Half the firms in the industry are small with fewer than five employees; less than 5 percent of engineering services firms have more than one office or location. The industry is highly fragmented: the 50 largest firms account for only 35 percent of industry revenue. About 100 firms have more than $100 million of annual revenue.

Support & training:

Yes

Reasons for selling:

Retirement

Trading hours:

8:30 - 5:00